Global Magneto-Rheological Fluids (MRF) Strategic Business Report 2023: MR Fluids Emerge as Novel Body Armor Materials to Improve Soldier Survivability


Dublin, July 17, 2023 (GLOBE NEWSWIRE) -- The "Magneto-Rheological Fluids (MRF): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Magneto-Rheological Fluids (MRF) estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$5.8 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

Synthetic Hydrocarbon Oil, one of the segments analyzed in the report, is projected to record a 20.6% CAGR and reach US$2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Water segment is readjusted to a revised 19.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $486.7 Million, While China is Forecast to Grow at 23.5% CAGR

The Magneto-Rheological Fluids (MRF) market in the U.S. is estimated at US$486.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$757.8 Million by the year 2030 trailing a CAGR of 23.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.1% and 17.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.3% CAGR.

Select Competitors (Total 24 Featured) -

  • Akebono Brake Industry Co., Ltd.
  • Anton Paar GmbH
  • Arus MR Tech Pvt Ltd.
  • CK Materials Lab Co., Ltd.
  • Industrial Metal Powders (India) Pvt. Ltd.
  • Kurimoto Ltd.
  • Liquid Research Limited
  • Lord Corporation
  • QED Technologies International, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages201
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.4 Billion
Forecasted Market Value (USD) by 2030$5.8 Billion
Compound Annual Growth Rate19.4%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
  • Subdued Industrial Activity Due to Pandemic Crisis Affects Growth
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Pandemic Presents Challenging Times for Magneto Rheological Fluids Market
  • Magneto-Rheological Fluids Market: An Introduction
  • Components of MR Fluid
  • Key Application Areas of MR Fluids
  • Global Market Prospects & Outlook
  • Developed Regions Lead, Developing Economies to Boost Long-term Growth
  • Competition
  • Magneto-Rheological Fluids (MRF) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Highly STable Magneto Rheological Fluids to Expand Application Horizons
  • Magneto Rheological Fluids Chart Ambitious Course with Exciting, Smart Applications
  • Automotive Industry Emerges as a Major End-Use Market for MR Fluids
  • World Automobile Production in Million Units: 2008-2022
  • Magneto Rheological Fluids to Fly High with Potential Aerospace Applications
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Rapid Growth of Robotics Industry Presents Opportunity for MR Fluid Market
  • Global Industrial Robotics Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
  • Soft Robots to Benefit from MRF Fluids
  • Growing Role of MR Fluid Dampers in Vibration Protection Construction & Civil Infrastructure Projects
  • Number of Earthquakes Around the World (2010-2020)
  • MR Fluids in Biomedical Space Holds Tremendous Potential
  • Global Robotic Prosthetics Market Size (in Million) for the Years 2019, 2021, 2023 and 2025
  • Role of MR Fluids in Examining Effect of Skin Properties on Arterial Tonometry Measurements
  • MR Fluids Emerge as Novel Body Armor Materials to Improve Soldier Survivability
  • Magneto Rheological Fluids: Rheological Response Time & Impact of Shear Rate
  • Intriguing Properties Make Magneto Rheological Fluids Ideal for Finishing Applications
  • MR Fluid Dampers for Vibration in Washing Machines
  • Rising Importance of Smart Materials in Haptic Actuators Presents Opportunity for the Market
  • Magneto Rheological Fluids to Find Potential Applications in Oil & Gas Industry
  • Magneto Rheological Finishing Set to Transform Precision Optics Domain
  • Lubricating Greases Elevate Performance of Magneto Rheological Fluids
  • Use of Lubricating Grease to Overcome Issues
  • Magneto Rheological Fluids as Sealants in Micro Motors
  • Emerging Applications of MR Fluids: An Overview
  • Challenges Facing Preparation & Use of MR Fluids
  • Challenges with Control of MR Fluid's Magnetic Field
  • Probable Solutions for Several Issues with MR Fluids

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bwcivw

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Global Market for Magneto-Rheological Fluids (MRF)

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